Uruguay

• Friday, October 28th 2011 - 04:56 UTC

  IDB loan to promote tourism destinations and activities along the River Uruguay

  

  The Inter-American Development Bank (IDB) approved a loan for 5 million dollars to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.

• Thursday, October 27th 2011 - 23:16 UTC

  Uruguay passes bill eliminating prescription of crimes against humanity

  

  The Uruguayan Congress passed early Thursday a law that eliminates the effects of the 1986 Amnesty Law (also known as Expiry Law), which protected police and military personnel from being prosecuted for human rights violations, and repeals a statute of limitations that would have prevented victims from filing criminal complaints as of 1 November.

• Thursday, October 27th 2011 - 05:52 UTC

  In anticipation of global crisis World Bank extends 260m loan to Uruguay

  

  The World Bank Board approved a 260 million dollars loan to support the Uruguayan government’s reform program in order to consolidate growth with social equity and provide a line of financing to address the impact of the current uncertainty in global economic affairs.

• Thursday, October 27th 2011 - 05:47 UTC

  Uruguay’s flock at a historic low; number of cattle below 11 million

  

  The latest update of Uruguay’s livestock census for the year ending last June 30 shows the number of cattle is below eleven million and the flock at its lowest since colonial times with 7.3 million head.

• Thursday, October 27th 2011 - 05:40 UTC

  Uruguay anticipates 230 cruise calls this season from November to May

  

  Uruguay expects a record cruise season beginning November with over 230 calls split between Montevideo and Punta del Este, 80 miles to the east on the Atlantic coast line, according to Deputy Tourism minister Lilian Kechichián.

• Wednesday, October 26th 2011 - 16:35 UTC

  Good reception for Uruguay’s offshore hydrocarbons seismic data

  

  Uruguay’s oil and gas refining corporation, Ancap, reported it has sold seismic data on the country’s continental shelf hydrocarbons potential for the value of 20 million dollars which more than covers the costs involved in the several surveying operations.

• Tuesday, October 25th 2011 - 19:45 UTC

  Crises in the US and Spain have Uruguayans returning in growing numbers

  

  Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.

• Tuesday, October 25th 2011 - 18:50 UTC

  EIU expects higher inflation in Uruguay as government tries to spur growth

  

  The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.

• Monday, October 24th 2011 - 06:41 UTC

  Philip Morris shuts down plant in Uruguay because of anti-smoking policies

  

  The US tobacco giant Philip Morris said on Friday it shut down its plant in Uruguay because the country's anti-smoking policies make business unprofitable.

• Saturday, October 22nd 2011 - 04:24 UTC

  Booming regional dairy industry will meet in Uruguay to talk expansion plans

  

  The Pan-American Milk Federation, Frepale, is scheduled to meet in Uruguay next November 15/17 to celebrate its twentieth anniversary. The federation, the strongest in the region chose Punta del Este for the event because it was here that it was born two decades ago.